Holy Cross Early Learning Center Inc

Analysis

Holy Cross Early Learning Center Inc is a registered charity in United States, based in Mahwah, NJ. It received its IRS tax-exemption ruling in May 2018, 8 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2024, Holy Cross Early Learning Center Inc reported income of $650k and spending of $675k, spending 104% of its income. Across the 6 years on record, from August 2019 to August 2024, income grew from $399k to $650k (+63%), an average of +10% a year. The sharpest change came in the year to August 2022, when income rose by 57%. Over the whole period it spent 91% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Holy Cross Early Learning Center Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 78th percentile within NJ. Charities of a similar size with the same main cause include Excel Preparatory Schools Inc ($650k), Smart Thinking Foundation Inc ($650k) and Jewish Life ($650k).

On its Form 990 for the period ending August 2024, revenue came from contributions and grants 1.2% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $218k (32% of expenses). Other salaries and wages came to $278k. At year end it held assets of $285k against liabilities of $0, net assets of $285k. It reported 26 employees.